HEDGIE IAN WACE TAKES CHAIRMAN JOB AT ARK October 3, 2010 THE GLAMOROUS world of hedge fund philanthropy had a shuffle at the top over the weekend, as Ian Wace – co-founder of Marshall Wace – took over from hedgie “godfather” Stanley Fink as chairman of Arki Busson’s charity, Absolute Return for Kids (ARK). Wace will now be tasked with the dual responsibilities of overseeing ARK’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 29, 2010 FINANCIAL TIMES WAITROSE EYES DUCHY ORIGINALS US PUSH Waitrose is making its first foray into the US through its Duchy Originals range, the label founded by Prince Charles. The supermarket arm of the employee-owned John Lewis Partnership is talking to North American retailers and distributors about selling Duchy Originals products in US stores. PENSIONS REGULATOR [...]
CITY MOVES | WHO’S SWITCHING JOBS August 12, 2010 Deloitte The accountancy firm has appointed Zahir Bokhari to lead its UK banking and capital markets audit business. Bokhari brings over 20 years of experience to the role, having provided audit, assurance and advisory services to numerous listed clients in the retail banking, inter-dealer brokers and capital markets sectors in his previous capacity as senior [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 17, 2010 FINANCIAL TIMES CRIMINAL GANGS TARGET INSIDER DEALING Organised criminals in the UK are becoming increasingly involved in financial frauds including insider share dealing that they see as lucrative and low risk, investigators have warned. A long-term trend of prosecutions in the US has shown the same shift by crime gangs to more sophisticated frauds. FUNDING [...]
House prices rise 0.1 per cent in June June 30, 2010 HOUSE prices rose by 0.1 per cent in June, according to the Nationwide building society. The average property price in the UK is now more than £170,000. Prices have risen by three per cent since the start of the year, the lender’s house price index showed. But the rate of annual house price inflation fell [...]
FTSE nears two-month high on US stats and merger chat September 1, 2010 MERGER talk among the travel, telecoms and mining sectors helped Britain’s top shares to their biggest daily gain in almost two months yesterday, as strong manufacturing data from the US and China boosted sentiment. The FTSE 100 closed up 141.19 points, or 2.7 per cent at 5,366.41, its strongest daily performance since 6 July and [...]
CITY MOVES | WHO’S SWITCHING JOBS August 23, 2010 Future Group The media business has appointed former ITN chief executive Mark Wood as chief executive of its UK business. Wood, who stood down from ITN last year, has been a non-executive director at Future since April 2009. He will leave the board on taking up his new post at the end of the month. [...]
Redrow reduces losses but warns over mortgage market February 25, 2010 HOUSEBUILDER Redrow slashed its first-half losses following a pick-up in the number of sales and an increase in prices but warned that a lack of mortgages is still causing problems. Completions climbed 21 per cent to 1,266 for the six months to December with the average selling price of homes rising 3.6 per cent to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 16, 2010 FINANCIAL TIMES TOUGH TARGETS FOR BENEFIT REFORMS The Treasury has required Iain Duncan Smith, work and pensions secretary, to find about £5 of savings for every £1 he spends to simplify the benefits system, setting tight financial conditions on dramatic reforms. The fiscal parameters mark an uneasy truce in a cabinet row that gives Mr [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 16, 2010 FINANCIAL TIMES TOUGH TARGETS FOR BENEFIT REFORMS The Treasury has required Iain Duncan Smith, work and pensions secretary, to find about £5 of savings for every £1 he spends to simplify the benefits system, setting tight financial conditions on dramatic reforms. The fiscal parameters mark an uneasy truce in a cabinet row that gives Mr [...]